For saleSingle family
$170,000
314 Colfax Ave NW
Renville MN 56284
4 beds, 2 baths, 1,515 sqft
314 Colfax Ave NW is a 4 beds, 2 baths, 1,515 sqft single family home for sale at $170,000 in Renville MN 56284. At 20% down it rents for an estimated $1,350/mo and returns $136/mo a month at a 7.6% cap rate.
The deal math
Modelled at 20% down on a 30-year loan at current market rates, before management, vacancy and maintenance reserves.
- Estimated rent
- $1,350/mo
- Monthly cash flow
- $136/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 4.8%
- Max offer
- $159,000
Offer ≤ $159,000 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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